1990.
The first post-communist parliamentary elections are held, and
Václav Havel is confirmed as Czechoslovakia's new president.
The government embarks on a series of reforms to replace the communist
economic system with a capitalist system.

1992.
The second post-communist elections result in a disagreement between
the Czech and Slovak republics. The leaders plan the country's
divorce.

1993.
The Czech Republic is officially founded on 1 January 1993. It
establishes a separate Czech currency in February.

1997.
An economic crisis and political instability cause difficulties.

1998.
The Czech Republic begins accession talks with the European Union.